What is the R&D Tax Credit?

Under the corporate tax statute, R&D is defined as any systematic, investigative and experimental study that involves novelty or technical risk. Singapore allows tax deductions and partial government grants for qualified research activities conducted within the country.

The Minister for National Development, Lawrence Wong, announced that the Singapore government will spend SG$150 million on the Cities of Tomorrow R&D Programme, which aims to create a liveable and people-centric city with a sustainable urban ecosystem. [...]